-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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“Kinzinger” I can accept differing points of view in the Republican party. We are a big tent. What I cannot accept under any circumstance is the self-inflicted wounds Kinzinger has caused by voting for impeachment, bashing Trump, and giving credence to the Q nonsense that so few in the Republican party were even aware of. Kinzinger is too naive to realize he’s become the useful idiot for his enemies the Democrat party. If anything, he’s too stupid to realize that some form of never-Trumper Illinois republicanism is NOT a model for the rest of country. It’s not and he’d realize… Read more »